Geode Capital Management Portfolio holdings
Geode Capital Management, founded in 2001 and based in Boston, Massachusetts, is a prominent institutional asset management firm known for its expertise in low-cost, systematic index investing. Originally established to manage internal index funds for Fidelity Investments, Geode became an independent entity while retaining a close relationship with Fidelity, focusing on passive investment strategies that track major market indices. The firm oversees hundreds of billions in assets, offering a range of mutual funds and separately managed accounts primarily for institutional clients, such as pension funds and endowments, with an emphasis on minimizing costs and maximizing efficiency. Geode’s disciplined, quantitative approach and avoidance of active management have made it a key player in the rise of index-based investing.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$321M |
| 2 |
Medtronic
MDT
|
+$290M |
| 3 |
Apple
AAPL
|
+$171M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$101M |
| 5 |
Microsoft
MSFT
|
+$97.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SWS
SWS GROUP INC
SWS
|
+$970M |
| 2 |
AGN
Allergan Inc
AGN
|
+$459M |
| 3 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$349M |
| 4 |
Eversource Energy
ES
|
+$130M |
| 5 |
CFN
CAREFUSION CORPORATION
CFN
|
+$93.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 14.99% |
| 2 | Financials | 14.59% |
| 3 | Technology | 14.54% |
| 4 | Industrials | 10.59% |
| 5 | Consumer Discretionary | 9.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1051
TD Synnex
SNX
$20.4B
| $16.1M | 0.01% |
415,770
+6,580
| +2% | +$253K |
|
1052
Hancock Whitney
HWC
$6.29B
| $16M | 0.01% |
536,775
+86,484
| +19% | +$2.47M |
|
|
MDSO
1053
DELISTED
Medidata Solutions, Inc.
MDSO
| $15.9M | 0.01% |
324,073
+16,477
| +5% | +$763K |
|
|
PGRE
1054
DELISTED
Paramount Group
PGRE
| $15.9M | 0.01% |
822,483
+734,957
| +840% | +$14M |
|
1055
Bio-Rad Laboratories Class A
BIO
$9.59B
| $15.8M | 0.01% |
116,980
+9,538
| +9% | +$1.18M |
|
1056
Chemed
CHE
$7.08B
| $15.8M | 0.01% |
131,999
+23,170
| +21% | +$2.57M |
|
|
P
1057
DELISTED
Pandora Media Inc
P
| $15.8M | 0.01% |
971,719
+69,899
| +8% | +$1.12M |
|
1058
Associated Banc-Corp
ASB
$6.01B
| $15.7M | 0.01% |
845,520
+50,408
| +6% | +$913K |
|
|
KS
1059
DELISTED
KapStone Paper and Pack Corp.
KS
| $15.7M | 0.01% |
478,732
+24,895
| +5% | +$792K |
|
1060
Manitowoc
MTW
$700M
| $15.6M | 0.01% |
800,959
+46,934
| +6% | +$880K |
|
1061
Southwest Gas
SWX
$6.65B
| $15.6M | 0.01% |
268,872
+9,092
| +3% | +$537K |
|
1062
Patterson-UTI
PTEN
$4.21B
| $15.6M | 0.01% |
831,878
+60,643
| +8% | +$1.04M |
|
1063
Herbalife
HLF
$1.22B
| $15.6M | 0.01% |
729,632
+18,596
| +3% | +$318K |
|
1064
Unifirst Corp
UNF
$5.27B
| $15.6M | 0.01% |
132,354
+3,365
| +3% | +$397K |
|
1065
Zurn Elkay Water Solutions
ZWS
$8.6B
| $15.5M | 0.01% |
1,207,999
+94,285
| +8% | +$1.21M |
|
|
CVSA
1066
Covista Inc
CVSA
$4.33B
| $15.5M | 0.01% |
465,288
+115,963
| +33% | +$4.5M |
|
1067
Thor Industries
THO
$4.24B
| $15.5M | 0.01% |
245,474
+18,685
| +8% | +$1.11M |
|
1068
Kite Realty
KRG
$5.25B
| $15.5M | 0.01% |
548,836
+31,966
| +6% | +$927K |
|
|
SUSQ
1069
DELISTED
SUSQUEHANNA BANCSHARES INC
SUSQ
| $15.5M | 0.01% |
1,127,301
+74,037
| +7% | +$986K |
|
|
SCTY
1070
DELISTED
SolarCity Corporation
SCTY
| $15.5M | 0.01% |
301,354
+21,253
| +8% | +$1.09M |
|
|
GEVA
1071
DELISTED
SYNAGEVA BIOPHARMA CORP COM STK (DE)
GEVA
| $15.4M | 0.01% |
158,319
+30,667
| +24% | +$3.25M |
|
1072
Terex
TEX
$7.75B
| $15.4M | 0.01% |
579,758
+2,016
| +0.3% | +$50.9K |
|
|
CEB
1073
DELISTED
CEB Inc.
CEB
| $15.4M | 0.01% |
192,852
+13,056
| +7% | +$983K |
|
1074
Primerica
PRI
$9.67B
| $15.4M | 0.01% |
302,462
+3,143
| +1% | +$163K |
|
|
HRC
1075
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $15.4M | 0.01% |
313,802
+7,586
| +2% | +$361K |
|
Similar funds
Geode Capital Management's Q1 2015 Portfolio in Review
As of Q1 2015, Geode Capital Management held 4,062 positions worth $175B, up 4.1% from $168B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Trading was light in Q1 2015: portfolio turnover was 4.8%. Geode Capital Management opened 82 new positions and exited 115, leaving the 4,062-position portfolio largely intact.
By sector, the portfolio is most concentrated in Healthcare at 15% of assets, up from 14% a quarter earlier, followed by Financials and Technology.
- Geode Capital Management's largest Q1 2015 buy was TRIBUNE MEDIA COMPANY CLASS A: 453,455 shares worth $27.6M.
- Geode Capital Management added most to Allergan plc in Q1 2015, an estimated $321M increase.
- Geode Capital Management's biggest Q1 2015 reduction was Vornado Realty Trust, cutting an estimated $8.04M.
- Geode Capital Management fully exited SWS GROUP INC in Q1 2015, selling an estimated $970M.
- Geode Capital Management's ten largest holdings make up 15% of its $175B portfolio in Q1 2015.
- Geode Capital Management opened 82 new positions and closed 115 in Q1 2015.
- Geode Capital Management's portfolio value rose 4.1% quarter-over-quarter to $175B.
Based on Geode Capital Management's 13F filing for Q1 2015, filed 14 May 2015.